Short Interest Update on Pegasystems (PEGA)

Pegasystems (PEGA) : The bears are holding on to their shorts in Accenture Plc with 5 more days remaining for them to cover their positions. The bearish positions have increased from 1,060,132 on Jul 29, 2016, to 1,419,119, on August 15, 2016. Daily, 301,528 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 358,987 shares, which is an increase of just 33.9%. The total short interest of 4% of the float indicates that there arent many bears on this stock at the current prices. The short interest information was released on Wednesday Aug 24th after the market close.

Pegasystems (NASDAQ:PEGA): The stock opened at $25.78 on Wednesday but the bulls could not build on the opening and the stock topped out at $25.88 for the day. The stock traded down to $25.61 during the day, due to lack of any buying support eventually closed down at $25.70 with a loss of -0.39% for the day. The stock had closed at $25.80 on the previous day. The total traded volume was 119,107 shares.


In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Pegasystems Inc, Kaplan Steven F had sold 9,416 shares worth of $241,050 in a transaction dated August 19, 2016. In this transaction, 9,416 shares were sold at $25.6 per share.

Pegasystems Inc. develops, markets, licenses and supports software applications, which is designed to assist clients in building, deploying and evolving enterprise applications. The Companys applications and platform intersect with and encompass several traditional software markets, including Customer Relationship Management (CRM); Business Process Management (BPM); Business Rules Management Systems (BRMS); Dynamic Case Management (DCM); Decision Management, which includes Predictive and Adaptive analytics, and the Vertical Specific Software (VSS) market of industry solutions and packaged applications. The Company provides implementation, consulting, training, technical support and hosting services to facilitate the use of its software. The Company offers its services to financial services, healthcare, insurance, communications and media, public sector, manufacturing and life sciences markets.

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